Which Banks Actually Approve Mortgages?

We analyzed 3,176,303 mortgage applications across 639 institutions using 2023 HMDA data from the Consumer Financial Protection Bureau. Here's what the data shows about who actually gets approved — and who doesn't.

3,176,303

Applications Analyzed

80%

Average Approval Rate

639

Institutions Tracked

2,164,384

Loans Originated

Banks That Approve Low-Income Applicants

These institutions have the highest approval rates for applicants reporting income under $50,000. Minimum 1,000 total applications and 100 low-income applications required.

# Lender Low-Income Rate Overall Rate Total Apps
1 Stride Bank 96.3% 97.3% 1,206
2 Coastal Community Bank 95.4% 98.3% 28,019
3 Great Plains National Bank 93% 94% 1,222
4 Hills Bank And Trust Company 92.8% 97.1% 3,255
5 First State Bank Of St Charles Missouri 92.5% 97.1% 2,054
6 Traditions Bank 91.8% 96.6% 1,339
7 Meridian Bank 91.3% 96% 2,681
8 Plains Commerce Bank 91.1% 96.2% 14,063
9 Carrollton Bank 90.1% 93.8% 1,911
10 Ixonia Bank 89.7% 94.4% 6,326
11 Fox Communities 89.7% 96% 2,337
12 Cornerstone Capital Bank Ssb 89.5% 96% 10,454
13 Crosscountry Mortgage 89.4% 96.3% 87,537
14 Bank Of England 88.4% 95.4% 7,527
15 Stifel Bank And Trust 88.4% 97.8% 3,618

Banks With Lowest Low-Income Approval Rates

These institutions approve the fewest applicants reporting income under $50,000. This doesn't necessarily indicate discrimination — different lenders serve different markets. But transparency matters.

# Lender Low-Income Rate Overall Rate Total Apps
1 Axos Bank 9.7% 54.3% 1,481
2 Educational Employees 12.5% 43.3% 2,608
3 Patelco 12.6% 65.3% 3,889
4 Digital 12.7% 65.7% 8,467
5 Frost Bank 13.5% 44.4% 16,636
6 Florida 14.8% 26.8% 3,748
7 Wescom Central 16.3% 62.9% 2,587
8 Bankwest 17% 44.2% 1,270
9 Midflorida 18.6% 40.2% 7,842
10 Bank Of America 18.7% 43.2% 223,917
11 Vystar 18.9% 39.2% 9,736
12 Addition Financial 18.9% 43.7% 1,262
13 California 19.7% 57.1% 2,842
14 Sofi 20.6% 67.8% 4,159
15 Connexus 20.9% 48.5% 3,534

Biggest Approval Gaps by Income

The largest difference between approval rates for high-income (over $200K) vs low-income (under $50K) applicants at the same institution. A larger gap means income is a stronger predictor of approval at that lender.

# Lender Over $200K Under $50K Gap
1 Patelco 82.6% 12.6% 70.0pp
2 Norway Savings Bank 89.7% 23.3% 66.4pp
3 Digital 79% 12.7% 66.3pp
4 Franklin Mint 85.4% 23.6% 61.8pp
5 Northeast Bank Portland 86.1% 24.7% 61.4pp
6 Rockland Trust Company 83.8% 22.9% 60.9pp
7 Elevations 88.8% 28.7% 60.1pp
8 Alliance Bank Cape Girardeau 91% 32.1% 58.9pp
9 Axos Bank 68% 9.7% 58.3pp
10 Firstbank Lakewood 90.8% 33.7% 57.1pp
11 Wescom Central 73.2% 16.3% 56.9pp
12 Citibank 95.1% 38.7% 56.4pp
13 Amarillo National Bank 91.6% 35.6% 56.0pp
14 Trumark Financial 84.8% 28.9% 55.9pp
15 Sofi 76% 20.6% 55.4pp

Methodology

  • Data source: CFPB Home Mortgage Disclosure Act (HMDA) Snapshot, 2023
  • Applications counted: Originated (action_taken=1), approved not accepted (2), denied (3), and preapproval denied (7)
  • Approval rate: (Originated + Approved not accepted) / Total applications × 100
  • Income tiers: Based on applicant-reported income in thousands. Under $50K = income field < 50
  • Minimum thresholds: 500+ total applications for inclusion; 100+ low-income applications for income-tier rankings
  • Institutions: Matched via LEI (Legal Entity Identifier) from the HMDA panel file to our lender directory using FDIC cert and name-based entity resolution

Look up any lender's approval rates on their profile page.

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Last updated: May 2026. Data reflects 2023 HMDA filings. CreditDoc is not affiliated with CFPB or any listed institution.